China Intents to Buy Canadian Mines

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jvcelectric

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China Intents to Buy Canadian Mines

posted on Mar 14, 2012 07:39AM

This was in the Calgary Newspaper yesterday that China intents to buy Canadian mines, could we be on that shopping list?

Cheers

After starting the week with a decline on disappointing trade data from China, Canada's benchmark stock index rose Tuesday as investors reacted to news China is planning to increase uranium imports, as well as on positive U.S. retail sales data.

At midday in Toronto the S&P/TSX composite index was up about 66 points, or 0.53 per cent, to 12,495.

A Chinese official was quoted in the country's media as saying that the government hopes to buy uranium mines in Canada, Bloomberg reported.

The price of crude oil gained 21 cents US to $106.55 US a barrel, and gold was down $8.80 to $1,691.00 US an ounce.

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